Qingdao Doublestar Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 06:44 pm IST
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Qingdao Doublestar Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 913.26 million compared to CNY 1,214.15 million a year ago. Revenue was CNY 913.26 million compared to CNY 1,214.15 million a year ago. Net loss was CNY 146.18 million compared to net income of CNY 48.68 million a year ago. Basic loss per share from continuing operations was CNY 0.18 compared to basic earnings per share from continuing operations of CNY 0.06 a year ago. Diluted loss per share from continuing operations was CNY 0.18 compared to diluted earnings per share from continuing operations of CNY 0.06 a year ago.
Qingdao Doublestar Co, Ltd is principally engaged in the manufacture and sale of tires. The Company operates in three segments. The Tires segment consists of all-steel radial tires and semi-steel radial tires. The Machinery segment is engaged in the development, design, manufacture, installation and consulting of casting machinery, rubber and plastic machinery, environmental protection machinery, as well as digital tire tools. The Automotive Aftermarket Services segment is engaged in installation, repair and maintenance of tires. The Company distributes its products within the domestic market and to overseas markets.